scholarly journals THE CURRENT STATE OF THE U.S. PRIVATE LONG-TERM CARE INSURANCE INDUSTRY

2018 ◽  
Vol 2 (suppl_1) ◽  
pp. 449-450
Author(s):  
M Cohen
Keyword(s):  
Long Term Care ◽  
Insurance Industry ◽  
Term Care ◽  
Current State ◽  
Long Term Care Insurance ◽  
The U.S

scholarly journals Ethics, Insurance Pricing, Genetics, and Big Data

2019 ◽  
pp. 75-85 ◽  
Author(s):  
Robert Klitzman
Keyword(s):  
Adverse Selection ◽  
Genetic Information ◽  
Long Term Care ◽  
Federal Law ◽  
Term Care ◽  
Insurance Pricing ◽  
Long Term Care Insurance ◽  
Alternative Solutions ◽  
The U.S

Insurers are rapidly gaining access to consumers’ genetic information. In the U.S., federal law bars using genetic information in health insurance, but not in life, disability, or long-term care insurance. Accordingly, insurers may fear adverse selection: individuals could undergo testing, learn they have risky genes, and purchase insurance without revealing test results. While other countries have established moratoria on insurers’ use of genetic information, there is no consensus in the U.S. regarding how to avoid ‘unfair discrimination.’ The chapter discusses alternative solutions, including government bans of insurers’ use of genetic information, or limiting insurer information to only high-risk genes.

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